Ticketmaster returns to profit ahead of Oasis reunion tour boost October 7, 2024 The UK operation of Ticketmaster returned to profit during its latest financial year ahead of the anticipated boost it will receive from the controversial ticketing of Oasis’ reunion tour. The London-headquartered division has reported a pre-tax profit of £19.7m for 2023, up from the pre-tax loss of £12m it fell to in 2022. Newly-filed accounts [...]
BA Cityflyer: London City Airport carrier hails ‘laser focus’ as profit takes off October 4, 2024 BA Cityflyer, the main airline operating from London City Airport, has said a “laser focus” on improving its service led to increased punctuality and profit for 2023. The business, which is wholly owned by British Airways, has reported a pre-tax profit of £11.1m for the year, up from £4.3m in 2022. The figure comes after [...]
Uswitch sales boosted as customers move car and home insurance providers October 4, 2024 Helping customers switch their car and home insurance providers saw sales surge at price comparison website Uswitch, it has been revealed. The London-based business has reported a turnover of £79.8m for 2023, up from the £63.2m it achieved in 2022. Newly-filed accounts with Companies House also show the firm’s pre-tax profit improved from £7.3m to [...]
Bottega Veneta returns to the black amid interest rate and inflation woes October 4, 2024 The UK arm of Italian luxury fashion house Bottega Veneta returned to the black in 2023 despite the cot-of-living crisis cutting into its sales. The West Sussex-headquartered division has posted a pre-tax profit of £336,007 for its latest financial year, according to newly-filed accounts with Companies House. The total comes after the business reported a pre-tax [...]
Brioni: Harrods sales fail to stop cost-of-living crisis slashing profit October 4, 2024 Profit at the UK arm of Italian menswear luxury fashion house Brioni was slashed in 2023 despite its sales at Harrods helping to boost its overall turnover. The London-headquartered division has posted a pre-tax profit of £79,230 for the 12 months, down from the £370,533 it achieved in 2022. Newly-filed accounts with Companies House also show that its turnover [...]
Sir Ridley Scott’s production company in the red after battling ‘turbulent waters’ October 4, 2024 Sir Ridley Scott’s production company fell into the red as it battled with the “turbulent waters” of the film and TV industry, it has been revealed. Ridley Scott Associates has reported a pre-tax loss of £2.6m for the 12 months to 30 September, 2023, according to newly-filed accounts with Companies House. The loss comes after [...]
Booking.com: Wages and bonuses surge as UK sales jump October 4, 2024 Wages and bonuses surged at the UK arm of Booking.com as its turnover jumped by £50m during its latest financial year. The division’s wage bill jumped from £20.7m to £32.2m in 2023 because of a surge in salaries and bonuses handed out to top staff. The increase comes as its headcount grew to almost 300 [...]
The Making of Harry Potter studio tour magics up £100m profit October 4, 2024 Profit at Warner Bros’ Harry Potter studio tour near London passed £100m as it created more than 100 jobs to cope with the rising demand for the attraction. The business behind Warner Bros Studio Tour London – The Making of Harry Potter, achieved a pre-tax profit of £100.8m for 2023, according to newly-filed accounts with [...]
Etoro: ‘Gradual thawing’ of financial markets fails to stop trading platform taking back step October 3, 2024 A “gradual thawing” of financial markets failed to stop the UK arm of stock trading platform Etoro taking another backwards step financially during 2023, it has been revealed. The UK arm of the Israel-headquartered trading and investment group has posted a net income of $125.7m (£95.8m) for the 12 months, down from the $147.2m (£112.2m) [...]
Canon remains in the red despite capturing near-£100m sales boost October 3, 2024 The UK arm of camera and printer giant Canon failed to return to the black during its latest financial year despite sales rising by almost £100m. The Uxbridge-headquartered division reduced its pre-tax loss from £7.3m to £5.1m in 2023, newly-filed accounts with Companies House have revealed. The last time Canon UK reported a pre-tax profit [...]